This lifted earnings from government debt 14 per cent to Sh1.2 billion as returns from bank deposits
declined 16 per cent to Sh541.8 million.
Euro zone finance ministers had previously decided that the Greek units of Cypriot banks would not be subject to a tax on bank deposits
if they were bought by Greek lenders.Country: GreeceSector: Banking/Financial ServicesTarget: Cypriot banks' branches in GreeceBuyer: Unnamed Greek banking groupVendor: Bank of Cyprus Group, Hellenic Bank Public Company Limited , Cyprus Popular Bank Type: Corporate acquisitionStatus: Agreed
According to a press release from the former President's bureau, no discussion on a haircut on bank deposits
ever took place during the former government's consultations with the Troika.
The officials said the new "Plan B" includes some Russian assistance and a smaller bank deposit
SEVERAL thousand ex-pat Britons with Cypriot bank accounts have had their pension payments frozen to ensure they receive them ahead of a proposed bank deposit
tax, Treasury minister Greg Clark said yesterday.
In a televised address to the nation, Anastasiades said he had to accept a tax on bank deposits
in return for international aid, or else the island would have faced bankruptcy.
The central bank said total bank deposits
increased 1.6 per cent during October to close at Dh1,162.3 billion, compared to September.
in Arkansas grew 2.7 percent in the 12 months that ended June 30, according to the annual summary of deposits released Tuesday by the Federal Deposit Insurance Corp.
Today's rating actions follow Moody's decision to downgrade Egypt's government bond ratings to B1 from Ba3, and the downgrade of the country ceiling on FC bank deposits
to B2 from B1.
According to Orphanides, any move to tax bank deposits
would weaken Cyprus' financial sector and increase risks.
are a safe way to store and save your money, and have recently become even more popular with the public.
took some unexpected turns over the past three years amid turbulent financial markets and numerous actions by the U.S.